You
sell your residence or other property to
Roman Catholic Diocese of Albany for a
price substantially below the appraised
market value, resulting in a transaction
that is part charitable gift and part
sale.

The
Diocese usually elects to sell the
property and uses the net proceeds of
the sale for the purpose or purposes you
specify.

Benefits

You receive an immediate income tax
deduction for the appraised market
value of the portion of the property
you donated.

You pay no capital gains tax on the
donated portion of the property.

You can receive cash from the sale
portion to retire a mortgage or for
other purposes.

You can have the satisfaction of
making a significant gift to the
Diocese during your lifetime.